Summary - The Horseshoe,745 London Road,THORNTON HEATH,CR7 6AW CR7 6AW
1 bed 1 bath Retail Property (high street)
**Standout Features:**
- Prime location on A23 Thornton Heath Pond Roundabout
- Ground floor commercial unit in mixed-use development
- Leased to dental medical occupier until July 2049
- Generating annual rent of £40,000
- 999-year lease, but 26 years remaining may pose lending challenges
**Concise Summary:**
Discover a prime investment opportunity at this high street retail property located at 745 London Road in Thornton Heath. This expansive ground-floor commercial unit, featuring a modern-industrial design with large windows, is ideally situated in a bustling area with high foot traffic. Currently leased to a dental medical practice until July 2049, it offers a robust annual income of £40,000. With excellent mobile signal and fast broadband, this property is well-suited for various business ventures or future redevelopment.
However, potential buyers should consider the remaining lease of only 26 years, which may complicate mortgage options. Additionally, the property is located in an area with higher crime rates, which some investors may view as a downside. Nevertheless, the vibrant surrounding community, which includes reputable schools and accessible amenities, presents an opportunity for both commercial growth and community engagement. Priced at OIEO £500,000, this property is an enticing option for investors looking to capitalize on South London's market. Don't miss out on this unique opportunity!
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